Flex Property with Drive-In
1312 RITCHIE ROAD #D-1, Capitol Heights, MD 20743
For Sale
New
$1,990,000
A two-level office build-out complements heated warehouse space and truck-oriented loading.
Property Size7,644 SF
Lot Size0.70 Acres
Price / SF$260.33
Days on Market4
Property Features for 1312 RITCHIE ROAD #D-1
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Keller Williams Preferred Properties
(240) 737-5000
Listed By:
Emerick A Peace · License MD #320004
(240) 882-0198
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 5:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Preferred Properties
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Investment Insights
Based on property information with market context.
At 1312 Ritchie Road, this flex property contains 7,644 square feet of improvements on a 30,403-square-foot site, or approximately 0.70 acres. More than 4,000 square feet is heated warehouse area, with 20-foot clear height and two 16-foot drive-in doors. Office space is arranged across two levels within the building.
Built in 1975, the property is located in Capitol Heights, Maryland, in the Washington metropolitan region. Its office and warehouse components provide a mix of workspace and storage or operating area within one property.
Built in 1975, the property is located in Capitol Heights, Maryland, in the Washington metropolitan region. Its office and warehouse components provide a mix of workspace and storage or operating area within one property.
Key Highlights
- 7,644‑square‑foot flex building on a 30,403‑square‑foot site (approximately 0.70 acres)
- Over 4,000 square feet of heated warehouse space
- 20‑foot clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,182
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,943,640
$2.9M
Cap Rate 7%
$2,102,600
$2.1M
Cap Rate 9%
$1,635,356
$1.6M
Market Conditions
NOI Build-Up for 7,644 SF
Gross rent
$197.2K $25.80/SF
− Vacancy
−$24.1K −$3.15/SF
EGI
$173.2K $22.65/SF
− OpEx
−$26.0K −$3.40/SF
NOI
$147.2K $19.25/SF
Area
Prince George's County, MD
Vacancy
12.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,943,640
Cap Rate 7%
$2,102,600
Cap Rate 9%
$1,635,356
Alternative Uses
Best Use
Warehouse
$2.10M
$1.84M – $2.45M
NOI $147,182 @ 7.0% cap · market cap 7.40%
Second Best
Industrial
$1.73M
$1.52M – $2.02M
NOI $121,208 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,615 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 20743, MD
40,709
Population
16,521
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
9.6 sq mi
ZIP Area
4,241
Density / Sq Mi
$76,332
Median Household Income
$47,762
Median Earnings
$1,614
Median Rent
$317,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Prince George's County, MD
Properties on Market for Flex space in Prince George's County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Tasteful Wonders Catering — 1710 dennis ct, district heights, md 20747
Frequently Asked Questions
What type of property is this?
Flex space - A two-level office build-out complements heated warehouse space and truck-oriented loading.
Where is this flex space located?
The property is located at 1312 RITCHIE ROAD #D-1 Capitol Heights, MD.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 7,644‑square‑foot flex building on a 30,403‑square‑foot site (approximately 0.70 acres); Over 4,000 square feet of heated warehouse space; 20‑foot clear ceiling height
